Tuesday, June 13, 2023

In a first, Larry Ellison passes Bill Gates to become the world's fourth-richest person with a $129.8B net worth; ORCL has risen 42% in 2023 on the AI boom (Biz Carson/Bloomberg)

Biz Carson / Bloomberg:
In a first, Larry Ellison passes Bill Gates to become the world's fourth-richest person with a $129.8B net worth; ORCL has risen 42% in 2023 on the AI boom  —  The optimism around artificial intelligence boosted both Oracle Corp.'s stock — and founder Larry Ellison's net worth — to record highs on Monday.



A look at the global network of subsea internet cables, dominated by companies from France, the US, and Japan, as China circumvents US curbs to build its own (Financial Times)

Financial Times:
A look at the global network of subsea internet cables, dominated by companies from France, the US, and Japan, as China circumvents US curbs to build its own  —  Nearly 1.4mn kilometres of metal-encased fibre criss-crosses the world's oceans, speeding internet traffic seamlessly around the globe.



Sources: SoftBank plans a new round of Vision Fund layoffs, impacting up to 30% of the staff at the unit; Vision Fund had 349 staff at the end of March 2023 (Krystal Hu/Reuters)

Krystal Hu / Reuters:
Sources: SoftBank plans a new round of Vision Fund layoffs, impacting up to 30% of the staff at the unit; Vision Fund had 349 staff at the end of March 2023  —  SoftBank Group Corp (9984.T) is planning a fresh round of layoffs at its Vision Fund investment arm, two people familiar with the matter said …



Oyo introduces Stay Now and Pay Later option: Here’s what it means and how to use

Oyo has introduced a new feature to make your summer vacations interesting. The company has announced the new Stay Now and Pay Later option for Indian travellers. https://ift.tt/gz0DUc8

How Jimmy Donaldson, aka MrBeast, became a viral sensation for his absurd acts of altruism and pitching subscribing as an act of charity, sometimes literally (Max Read/New York Times)

Max Read / New York Times:
How Jimmy Donaldson, aka MrBeast, became a viral sensation for his absurd acts of altruism and pitching subscribing as an act of charity, sometimes literally  —  Jimmy Donaldson, a.k.a. MrBeast, has become a viral sensation for his absurd acts of altruism.  Why do so many people think he's evil?



PitchBook: the UK and Ireland accounted for ~28% of VC deals in Europe and Israel in Q1 2023, down from over 34% in 2018, while France and the Nordics rose (Mark Bergen/Bloomberg)

Mark Bergen / Bloomberg:
PitchBook: the UK and Ireland accounted for ~28% of VC deals in Europe and Israel in Q1 2023, down from over 34% in 2018, while France and the Nordics rose  —  This year did not begin well for technology in the UK.  Venture financing evaporated.  Companies cut staff and tightened belts.



Monday, June 12, 2023

Xbox game pass on Nvidia GeForce Now: What it means for users

With PC Game Pass coming to Nvidia GeForce Now, apart from purchasing their favourite games, gamers will also be able to enjoy the benefits of PC Xbox Game Pass by paying a small subscription. These include access to hundreds of games offered by Microsoft, first-day releases and more. Nvidia GeForce Now is a subscription-based cloud gaming service. https://ift.tt/gOmnrCu

Documents detail new prison-monitoring tech, tracking inmates' location, heartbeats, and more, developed by Talitrix and used in Atlanta's Fulton County Jail (Matt Burgess/Wired)

Matt Burgess / Wired:
Documents detail new prison-monitoring tech, tracking inmates' location, heartbeats, and more, developed by Talitrix and used in Atlanta's Fulton County Jail  —  Documents WIRED obtained detail new prison-monitoring technology that keeps tabs on inmates' location, heartbeats, and more.



Nasdaq plans to acquire financial software maker Adenza for $10.5B in cash and stock; Adenza owner Thoma Bravo gets a 14.9% stake in Nasdaq as part of the deal (Amy Thomson/Bloomberg)

Amy Thomson / Bloomberg:
Nasdaq plans to acquire financial software maker Adenza for $10.5B in cash and stock; Adenza owner Thoma Bravo gets a 14.9% stake in Nasdaq as part of the deal  —  Nasdaq Inc. has agreed to buy financial-software maker Adenza from its private equity owners in the exchange operator's biggest-ever deal.



Sources: a US official said the government plans to let chipmakers in South Korea and Taiwan maintain and expand their China-based facilities without reprisals (Yuka Hayashi/Wall Street Journal)

Yuka Hayashi / Wall Street Journal:
Sources: a US official said the government plans to let chipmakers in South Korea and Taiwan maintain and expand their China-based facilities without reprisals  —  Analysts say the move will weaken export-control measures aimed at curbing Beijing  —  WASHINGTON—The Biden administration plans …



UK Prime Minister Rishi Sunak says DeepMind, OpenAI, and Anthropic agreed to open up their AI models to the UK government for research and safety purposes (Laurie Clarke/Politico)

Laurie Clarke / Politico:
UK Prime Minister Rishi Sunak says DeepMind, OpenAI, and Anthropic agreed to open up their AI models to the UK government for research and safety purposes  —  LONDON — Google DeepMind, OpenAI and Anthropic have agreed to open up their AI models to the U.K. government for research and safety purposes …



Bethesda's Starfield gets a 45-minute gameplay trailer

At last year’s Xbox Game Showcase, Bethesda showed off a 15-minute gameplay trailer of its first new IP in 25 years, Starfield. Now at this year’s showcase, Bethesda dives deep into Starfield, releasing a 45-minute long gameplay. Bethesda revealed more information about Starfield, including details about in-game cities, skill trees, upgrades, and space combat. The 45-minute deep dive gives an in-depth look into the space exploration RPG ahead of its September release. https://ift.tt/TA9M12n

Sources: the Dutch government is working on legislation to bar Chinese students from university programs on sensitive tech, including chips and defense (Bloomberg)

Bloomberg:
Sources: the Dutch government is working on legislation to bar Chinese students from university programs on sensitive tech, including chips and defense  —  The Dutch government is working on legislation that will be used to bar Chinese students from university programs on sensitive technologies …



Q&A with Signal president Meredith Whittaker on how existential warnings about AI might help Big Tech entrench its power, the UK's Online Safety Bill, and more (Ian Tucker/The Guardian)

Ian Tucker / The Guardian:
Q&A with Signal president Meredith Whittaker on how existential warnings about AI might help Big Tech entrench its power, the UK's Online Safety Bill, and more  —  The president of the not-for-profit messaging app on how she believes existential warnings about AI allow big tech to entrench their power …



Y Combinator appears to have dropped Delve, removing the company's profile from its startup directory, following allegations of fake compliance certificates (The Economic Times)

The Economic Times : Y Combinator appears to have dropped Delve, removing the company's profile from its startup directory, following...